Press release
Contract Packaging Market Will Reach At CAGR Of 9.54% Between 2017-2021
Contract packaging is a packaging service provided by vendors specialized in product packaging. These services include packaging and assembling in a specialized field, and providing labor, equipment, or facilities with machines. Food, pharmaceuticals, and other consumer packaged goods (CPG) manufacturers outsource their product packaging to a contract packager or co-packagers to increase their focus on core activities.
Technavios analysts forecast the global contract packaging market to grow at a CAGR of 9.54% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global contract packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of contract packaging services for various sectors which include food and beverage, consumer goods, personal care, pharmaceutical, and others. The "others" segment includes furniture, apparel, and electrical household appliances.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Contract Packaging Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Deufol,
FedEx,
Stamar Packaging,
Unicep, Sonoco,
Multi-Pack Solutions
Market driver
Technology implementations
For a full, detailed list, view our report
Market challenge
In-house packaging
For a full, detailed list, view our report
Market trend
Growing e-commerce industry
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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